Lorraine, NY is a small town located in North America. It is known for its affordability, with 2 bedroom rental prices being only $1,060 a month compared to the US average of $1,430. Additionally, the Grocery Cost Index of 98 in Lorraine is lower than the US average of 100. The town also hosts various local businesses such as Hastings Furniture Company, Lorraine Motors and Fletchers Hardware Store. These businesses provide locals with access to quality products and services at an affordable price.
Lorraine has an unemployment rate of 7.1%. The US average is 6.0%.
Lorraine has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Lorraine
- The Sales Tax Rate for Lorraine is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lorraine is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lorraine
- The average income of a Lorraine resident is $20,758 a year. The US average is $28,555 a year.
- The Median household income of a Lorraine resident is $55,592 a year. The US average is $69,021 a year.